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your money needs an ally. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ♪ melissa: at least two dead in an attack outside the u.s. embassy in turkey today, a suicide bomber blew himself up in front of the embassy killing a turkish security guard. it's described as a terrorist attack. turkey's prime minister describing the member of a far left militant group. is the u.s. becoming more of a target in the region? i'm joined by peter brooks, heritage foundation, senior fellow for international security affairs. welcome to the show. what do you think of this? >> good to be with you. a tragic event, obviously, reminding us of the troubles going on in that part of the world, whether you talk about syria, turkey, iran, i mean, the middle east is an important place, volatile, and we have to pay attention to it. melissa: it is, but, you know, turkey is a popular tourist destination. it's not one of the places we think of as
your money needs an ally. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ♪ melissa: at least two dead in an attack outside the u.s. embassy in turkey today, a suicide bomber blew himself up in front of the embassy killing a turkish security guard. it's described as a terrorist attack. turkey's prime minister describing the member of a far left militant group. is...
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most important way is the earned income tax credit saying if you're working full time and you're only earning this much money, we, the government, give you more subsidy to reward you for working and get you to continue working. you only get it if you work until you're to the point where you aren't anymore. the problem with that is policies have to put that money aside in the budget to pay for it. it's easier to say, raise the minimum wage. melissa: doesn't have the same impact. steve, thank you for coming on. >> my pleasure. melissa: is raising the minimum wage a good or bad idea? your responses were mixed, but more think it's a bad idea than a good one. maybe you did the math with me. we want to hear from more of you. like us on facebook or follow me on twitter. okay, things could go from bad to worse for boeing. 23,000 of its engineering may go on strike, and the build 787 dreamliner debacle could be soaring. can they pull out of the financial tail spin? details next. if your kids are like my two sons, they go crazy at the very sight of this. my are watching at home. the demand for
most important way is the earned income tax credit saying if you're working full time and you're only earning this much money, we, the government, give you more subsidy to reward you for working and get you to continue working. you only get it if you work until you're to the point where you aren't anymore. the problem with that is policies have to put that money aside in the budget to pay for it. it's easier to say, raise the minimum wage. melissa: doesn't have the same impact. steve, thank you...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created lelzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your busine
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for...
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at apparel tax hikes have left them with smaller paychecks. the wine industry is adopting to customers to just have less money to spend it. joining us, founder and ceo of an online media company that focuses on wine and, of course, one expert extraordinaire herself. let's talk first about this confluence of events that has come together. >> thanks for having me back. and all of this is good for the california in u.s. wine industry, but is not going to be great in 2013. a boom in chardonnay eckhardt time to raise prices. tracy: the stock about that. less grapes planted in 2009 because of the recession. bad weather in 1011. >> is an agriculture products. yet the shrinking supply and pricing pressure. a wide-open playing pressure for imports. more and more wine according to stone bridge. with all this pressure, we are leaving it wide open for the imports to come and compete. tracy: this is the last thing that california wineries -- >> last american needs. state tax is going through the roof. we talked about this last time. you cannot pick up and
at apparel tax hikes have left them with smaller paychecks. the wine industry is adopting to customers to just have less money to spend it. joining us, founder and ceo of an online media company that focuses on wine and, of course, one expert extraordinaire herself. let's talk first about this confluence of events that has come together. >> thanks for having me back. and all of this is good for the california in u.s. wine industry, but is not going to be great in 2013. a boom in...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ . melissa: news is out about chevron today. reuters reports the oil giant may be loaning venezuela's state oil company $2 billion to boost production. the credit would help the country pay its bills but just the idea of this loan brings up a number of questions, like what is really the intent behind it? why make a deal like this right now given all the uncertainty about who is going to run the country? joining me, john kingston, global director for news for platts. welcome back to the show. my first question when you say loan, you really think venezuela will pay you back. >> it will be $2 billion in exchange for crude. they have crude to deliver. if they're paying crude to make the
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ . melissa: news is out about chevron today. reuters reports the oil giant may be loaning venezuela's state oil company $2 billion to boost production. the credit...
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and don't get me started on taxes. put it together and adds up to big delays in retirement a new study shows nearly 2/3 of americans age 45 to 60, plan to put off the retirement. today's "money" power panel is help you to. spencer patton, steel vine investments the chief investment officer. peter schiff, europacific capital ceo and susan knox, former treasury department advisor under president obama. spencer, let me start with you, you talk about people retiring later and later, you blame the fed in part. >> i really do. the fed has done a tremendous disservice in robbing savers, people that are planning on retiring, the people that are not tradg in the stock market, but most people setting aside money, the chance to be able to retire. you're seeing not only have they not just made money, they have lost money due to the inflation and withering away of the u.s. dollar as the fed just prints money endlessly. it's horrible and it's, just further pushing back retirement for people that can't afford a delay. melissa: peter
and don't get me started on taxes. put it together and adds up to big delays in retirement a new study shows nearly 2/3 of americans age 45 to 60, plan to put off the retirement. today's "money" power panel is help you to. spencer patton, steel vine investments the chief investment officer. peter schiff, europacific capital ceo and susan knox, former treasury department advisor under president obama. spencer, let me start with you, you talk about people retiring later and later, you...
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...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protted. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ]
...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer...
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gun control and taxes, or tax increases, i should say. we had the assault weapon ban for three years. gun violence has gone down after it ended in 2004. tax rates, even the president said about a year and a half ago that when the economy is sliding, the last thing in the world you want to do is raise tax rates. that is what he is doing. >> let's talk about gun control. the president was in minnesota on monday. if we could just save one life, we have to try. in other words, we have to try to pass an anonymous national law to save one life? we had an assault weapons ban from 1994-2004. the national research council did an enormous study in 2004 and came to the conclusion that there was no way to know if any of this work. barack obama seems undeterred by the idea of passing enormously colossal balls david: you just want an election -- he has won reelection based on a motion. not based on facts and numbers. >> he is opposing his emotions, translating his emotions into laws like obamacare or dodd-frank that are so big, so complex, there are pa
gun control and taxes, or tax increases, i should say. we had the assault weapon ban for three years. gun violence has gone down after it ended in 2004. tax rates, even the president said about a year and a half ago that when the economy is sliding, the last thing in the world you want to do is raise tax rates. that is what he is doing. >> let's talk about gun control. the president was in minnesota on monday. if we could just save one life, we have to try. in other words, we have to try...
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year due to the payroll tax coming back. so we do think that is going to hurt the consumer toward the end of the year and consumption makes up 71% of our economic growth. david: well, jeff, it is guessing game whether we're going into recession or not but no guessing game about europe. europe is in a recession. you think it will stay there for all of 2013 that is pretty bearish. why do you think so? >> well i think the market is happy right now because the market looks at two things. euro stronger relative to the dollar. that is a good sign the market is looking for. and our 10-year, spanish government bond yield is lower than they were two months ago or three months agop or six months ago. those conditions hold. crisis is over, right, david? wrong. when you look at actual data, credit, the credit to the private sector continues to contract and for me that is the heart of industry. and that means you're going to be recession. 2013. >> that is the outlook. if you believe, mark maybe in the next couple years we might see reces
year due to the payroll tax coming back. so we do think that is going to hurt the consumer toward the end of the year and consumption makes up 71% of our economic growth. david: well, jeff, it is guessing game whether we're going into recession or not but no guessing game about europe. europe is in a recession. you think it will stay there for all of 2013 that is pretty bearish. why do you think so? >> well i think the market is happy right now because the market looks at two things. euro...
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check out taxes. stuart: here is governor jerry brown's response to that ad and i'm quoting directly. it is not a serious story. he continues it is not a burke. obviously rejecting low rick perry at the but you just told us -- >> you don't finish the sentence. stuart: i'm not going to. it wasn't quite an obscenity. >> that is our governor. stuart: you just give us the number, 17 corporations in a month that are leaving california so people are responding to governor perry's message. >> the reality is there responding to that message for a long time without the at by governor harry leaving the state of california. people in california to run for office lose and move to california. people in california who run propositions in california try to do something and it loses and they move not to california but texas. this is what is going on. our state legislature goes to texas to find out what we need to do to bring jobs back. they learn what to do and come back and do nothing. we have a two thirds democrat
check out taxes. stuart: here is governor jerry brown's response to that ad and i'm quoting directly. it is not a serious story. he continues it is not a burke. obviously rejecting low rick perry at the but you just told us -- >> you don't finish the sentence. stuart: i'm not going to. it wasn't quite an obscenity. >> that is our governor. stuart: you just give us the number, 17 corporations in a month that are leaving california so people are responding to governor perry's message....
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...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur ♪ ♪ lou: strong economic news today, and the dow jones industrials above 14,000 for the first time since december of 2007. moody's chief economist will be with us here in just moments. stocks today surging to the best level since 2007. able charges set off by an upbeat economic data. the dow up 149 points, nine points above the 14,000 level. the dow 155 points short of its all-time high. the s&p up 15, staying comfortably above the 1500 level , a five-year high at the same time. the nasdaq up 37 points. volume on the big board rising to a just under 4 billion
...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur ♪ ♪ lou: strong economic...
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through mercedes-benz ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax.
through mercedes-benz ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax.
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this is not an increase in taxes. people and employers have had a 2% break-in social security taxes for the last two years. this at a time when social security fund could not afford it. a financial gift to the already employed at the expense of social security. technically right, but in your bed you hated it. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. and you know what, two years in the making almost. the man behind the disasters solyndra alone is stepping down. energy secretary steven chu offering his resignation today. he was highly criticized for its handling of the $528 million loan to the solar panel maker, which later went bankrupt. despite the blunder he is leaving with obama's support and his pride intact. he said, came with streams and leaving with a set of accomplishments that we should all be proud of. not all of his dreams came true. back in 2008 he famously said we as a nation needed to boost gas prices to levels -- levels seen in europe. although he eventually walked back those co
this is not an increase in taxes. people and employers have had a 2% break-in social security taxes for the last two years. this at a time when social security fund could not afford it. a financial gift to the already employed at the expense of social security. technically right, but in your bed you hated it. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. and you know what, two years in the making almost. the man behind the disasters solyndra alone is stepping down. energy...
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questions remain with future tax with american interests. fox news correspondent with our report. >> based on time, ed distance. >> the redneck gets in on negative gone there in time. >> it takes hours to be able to respond. >> defense secretary panetta and chief dempsey said by the military could not do more to save the lives of about sitter christie's -- chris stevens and benghazi wants whatever 11th. >> in a the state's military is not and frankly not should be and then on one service capable of arriving on the scene within minutes to every possible contingency around the world >> republican senators were not satisfied. >> did you know, how long the attack would last? >> no idea is to make it last two days and never airplanes in the world before it was concluded? >> no senator. >> your responses are very inadequate and the same inadequacy for the security that you provided at the consulate. >> what did the president know and what he knew it. >> he did not asking about visibility what we could do? did you have further communications that n
questions remain with future tax with american interests. fox news correspondent with our report. >> based on time, ed distance. >> the redneck gets in on negative gone there in time. >> it takes hours to be able to respond. >> defense secretary panetta and chief dempsey said by the military could not do more to save the lives of about sitter christie's -- chris stevens and benghazi wants whatever 11th. >> in a the state's military is not and frankly not should be...
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the profit, though, failing against taxes paid last year topping 102 billion. in the commodity market both gold and oil closing higher on the day and week. the bond market, the treasury ten year rising. the highest yield since april of last year. 69 percent of the s&p 500 companies have now reported their earnings and exceeded expectations. it now looks like earning growth for the quarter will be just under four and a half percent. a lot better than had been forecast at the beginning of earnings season, just under 2 percent was the consensus. joining us now with his outlook, chief economist at moody's capital markets. these are numbers, pretty impressive, surprising to the upside, 69%. if one did not know better home with think that those expectations have been managed somewhat. >> that game we're talking about , of 4% year-over-year increase by earnings has the power to propel the equity market to new highs, it seems to me somewhat incredible that we cannot forget how importance very low interest rates are to this rally. lou: certainly been bernanke is not for
the profit, though, failing against taxes paid last year topping 102 billion. in the commodity market both gold and oil closing higher on the day and week. the bond market, the treasury ten year rising. the highest yield since april of last year. 69 percent of the s&p 500 companies have now reported their earnings and exceeded expectations. it now looks like earning growth for the quarter will be just under four and a half percent. a lot better than had been forecast at the beginning of...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. cheryl: markets under pressure on this thursday. we are down 107 points on the dow. restaurants across the country stricken portion sizes. it turns out the record flu season is good for business. how you can profit from it. all of that is coming up. dennis: bottom of the hour. stocks every 15 minutes. we have nicole petallides. caterpillar. nicole: we are seeing it down about 2% at the moment. we are seeing at lower on this day where they expect earnings to fall. it is such a wide range. another analyst getting on board. eleven analysts have reduced their estimates on caterpillar over the last 30 days. one of the reasons they are doing that is uncertainty. caterpillar has such a wide r
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. cheryl: markets under pressure on this thursday. we are down 107 points on the dow. restaurants across the country stricken portion sizes. it turns out the record flu...
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jeff: it is like a tax, not a levied tax. where is it worse, well, other than california, take a look, it is worse in the northeast. hurricane related stuff. the west a little bit better. i think wyoming is the only state below three dollars a gallon. >> we can say it is a tax on consumption. it really is not. it is a tax on the utility. it is bigger than you really think. jeff: i know you have to come to work. i know you have to take the kids around. i think you really ought to look into an electric car though. tracy: but then i cannot fit all those kids in there because they are so small. we will tie them to the roof. ashley: or send them on the bus. jeff flock at this cme, thank you so much. shedding some light on the super bowl power outage. it dated back all the way to october. tracy: the top-rated super bowl ad by budweiser. we will introduce to you clydesdale. ashley: let's take a look at the ten and 30 year treasuries. we will be right back. ♪ ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split
jeff: it is like a tax, not a levied tax. where is it worse, well, other than california, take a look, it is worse in the northeast. hurricane related stuff. the west a little bit better. i think wyoming is the only state below three dollars a gallon. >> we can say it is a tax on consumption. it really is not. it is a tax on the utility. it is bigger than you really think. jeff: i know you have to come to work. i know you have to take the kids around. i think you really ought to look into...
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he wants tax increases and spending cuts. the tax issue is closed, says the republicans. dagen: thank you for that update. for more on the outlook and what the president will say this afternoon, we go to michael perrone. michael, good to see you. start with this cbo report. will it influence policy and what happens in washington and even the smallest way? >> the cbo is required to give a fictitious look forward at the budget numbers. it will be higher than projected unless other action is taken. the medicare doc fix, for example, will not go away. they have been voting in every year. you know, unless the president is calling for a tax increase or increased revenues, i think that is a nonstarter in not only the republican house, but in the democratic majority senate. dagen: any spending cuts that even the president may propose, washington is just nibbling around the edges, so to speak. at what time do you think lawmakers will have to act in terms of really writing our nation financially? >> well, i think, i think what we will see is congress stumbling. it is hard for me to
he wants tax increases and spending cuts. the tax issue is closed, says the republicans. dagen: thank you for that update. for more on the outlook and what the president will say this afternoon, we go to michael perrone. michael, good to see you. start with this cbo report. will it influence policy and what happens in washington and even the smallest way? >> the cbo is required to give a fictitious look forward at the budget numbers. it will be higher than projected unless other action is...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ lori: it is time to make a little money with charles payne. they be a lot of money. we are taking a look at humana. high food cost may be partially to blame. charles: their numbers speak their own guidance, which i think all of the way, they have gone into their own. i do like them. employers coming to it. it is cheap. love the chart. it is breaking a key resistance. obviously, well above that. technically, i think it has a lot of room to the upside. fundamentally, i think it is fairly valued. lori: you are looking to make money off of the pain and suffering that people undergo. melissa: if you have had the flu and suffered through it, you might as well make some money from it. cha
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ lori: it is time to make a little money with charles payne. they be a lot of money. we are taking a look at humana. high food cost may be partially to blame....
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tax burden. also looking at other companies that you like besides exxon mobile, and i want to get these out. you like allstate insurance, new york mellon the bank, financial industrials tell us something you have favored. financials, first of the year find of a sudden death of the year. >> said think we're going to start to see it play out that these this financial's don't do a lot of lending and insurance companies. you know, the big banks, they have gotten ahead of themselves. i am not a big fan right now. financials, the sectors will have the best earnings growth of any sector. cheryl: we discussed all the earnings. they said a very strong. but at the same time, you get, again, bank of america. there seems to be this crazy split between good banks and bad banks from a stock perspective. >> that is one reason that makes the big banks a bit risky to invest in big is the stock prices have all run up, but if you have any consistency in the margins and the inconsistency. just the voluminous disclos
tax burden. also looking at other companies that you like besides exxon mobile, and i want to get these out. you like allstate insurance, new york mellon the bank, financial industrials tell us something you have favored. financials, first of the year find of a sudden death of the year. >> said think we're going to start to see it play out that these this financial's don't do a lot of lending and insurance companies. you know, the big banks, they have gotten ahead of themselves. i am not...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> good afternoon, everyone, i'm sandra smith with your fox business brief. it is a bearish day on wall street as traders take cover in traditional safe haven sectors and treasury bonds. off session lows the dow is still holding onto an 80-point loss. >>> meanwhile there is some good news in the housing market as consumer sentiment rose in january. according to fannie mae's national housing survey more people believe now is a good time to sell a home. 41% brief home prices will go up in the next 12 months. >>> according to challenger, gray & christmas the turnover of chief executives dropped 10% from the same time last year the outplacement firm says there were 113 ceo changes last mon
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> good afternoon, everyone, i'm sandra smith with your fox business brief. it is a bearish day on wall street as traders take cover in traditional safe haven...